class="MsoNormal" style="text-align: justify;">The Ministry of Labour and Employment (MoLE) on June 29, 2026, issued the Employees' Pension Scheme, 2026.
This shall come into force on June 30, 2026.
The following has been stated:
• The EPS-2026 replaces the Employees’ Pension Scheme, 1995, and the Employees’ Family Pension Scheme, 1971. It provides pension benefits to eligible employees and their families through a Pension Fund maintained by the Employees’ Provident Fund Organisation (EPFO). The Pension Fund is financed through 8.33% of the employer’s EPF contribution (subject to the notified wage ceiling) along with a 1.16% contribution from the Central Government.
• The scheme offers superannuation pension, early pension, permanent and total disablement pension, widow pension, child pension, orphan pension, and withdrawal benefits, while also allowing eligible members to defer pension up to the age of 60 with enhanced benefits.
• Pension is generally calculated based on the member’s pensionable salary and pensionable service, and the scheme ensures continuity of benefits from the earlier pension schemes.
• It also prescribes the responsibilities of employers for timely contribution and record maintenance, guarantees that members are not deprived of pension due to employer default, and lays down procedures for claim settlement, fund management, investment, audit, and administration of the Pension Fund.
[Notification no. - G.S.R. 527(E)]
